A conglomerate merger involves combining firms
A. involved in the same industry.
B. that are based in different countries.
C. from unrelated industries.
D. that control various stages of the production of a particular good from raw materials to finished manufacture.
C. from unrelated industries.
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The primary purpose of ________ is to encourage the expenditure of funds on research and development to create new products
A) patents and copyrights B) nationalizing oil companies C) government-run health care D) centrally planned economies
Hedge funds, investment banks, and other non-depository financial firms are known as ________
A) the shadow banking system B) repurchasers C) subprime lenders D) CDOs
The years between 1896 and World War I were characterized by:
a. rapidly rising prices in the U.S. b. wild fluctuations in international exchange rates. c. the "heyday" of the gold standard in the U.S. and most industrialized countries. d. barriers that prevented the flow of goods and capital across international borders. e. All of the above.
Which of the following could lead to a bank's failure, even if the bank has positive net worth?
a. The bank may encounter difficulty selling its government bonds. b. Most of the bank's liabilities are illiquid. c. A bank with positive net worth cannot fail. d. The bank may encounter difficulty borrowing reserves from the Federal Reserve. e. Most of the bank's assets are illiquid.